104,800 Shares in Mirion Technologies, Inc. $MIR Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Mirion Technologies, Inc. (NYSE:MIR) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 104,800 shares of the company’s stock, valued at approximately $2,438,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC bought a new position in shares of Mirion Technologies during the third quarter valued at $30,000. Fortress Investment Group LLC purchased a new position in Mirion Technologies in the 2nd quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its stake in Mirion Technologies by 470.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,642 shares of the company’s stock valued at $35,000 after acquiring an additional 1,354 shares during the period. Farther Finance Advisors LLC lifted its stake in Mirion Technologies by 96.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company’s stock valued at $38,000 after acquiring an additional 811 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Mirion Technologies during the 2nd quarter valued at about $59,000. Institutional investors own 78.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MIR shares. The Goldman Sachs Group boosted their price objective on shares of Mirion Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Robert W. Baird boosted their target price on shares of Mirion Technologies from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. increased their price target on Mirion Technologies from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Northland Securities lifted their price objective on Mirion Technologies from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Finally, Evercore ISI assumed coverage on Mirion Technologies in a research report on Tuesday, November 25th. They set an “outperform” rating and a $29.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $28.29.

Insider Transactions at Mirion Technologies

In other Mirion Technologies news, Director Lawrence D. Kingsley sold 350,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $24.73, for a total transaction of $8,655,500.00. Following the sale, the director owned 3,509,075 shares in the company, valued at approximately $86,779,424.75. This trade represents a 9.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Mirion Technologies Trading Up 7.2%

Shares of MIR stock opened at $26.02 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.83 and a quick ratio of 4.32. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 236.53 and a beta of 0.95. Mirion Technologies, Inc. has a 1 year low of $12.00 and a 1 year high of $30.28. The firm has a fifty day moving average price of $25.02 and a 200-day moving average price of $23.26.

Mirion Technologies (NYSE:MIR) last released its earnings results on Tuesday, October 28th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $223.10 million for the quarter, compared to the consensus estimate of $222.17 million. Mirion Technologies had a return on equity of 7.09% and a net margin of 2.93%.Mirion Technologies’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. Mirion Technologies has set its FY 2025 guidance at 0.480-0.520 EPS. As a group, equities analysts predict that Mirion Technologies, Inc. will post 0.39 earnings per share for the current year.

Mirion Technologies Profile

Mirion Technologies Inc (NYSE: MIR) is a leading global provider of radiation detection, measurement and monitoring solutions. The company’s portfolio includes instrumentation, software and service offerings designed to detect, quantify and manage radiation in nuclear power, oil and gas, defense and homeland security, medical imaging and diagnostic applications. Mirion’s product suite spans personal and environmental dosimetry, area monitors, digital imaging detectors and turnkey solutions for decommissioning and environmental remediation projects.

Mirion traces its origins to the combination of several established radiation measurement businesses, including the former Canberra nuclear instrumentation division, and has been supported by private equity investors before completing its initial public offering on the New York Stock Exchange in 2023.